Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, July 6, 2018

Article Excerpt

CAMPBELL SOUP CO., $41.91, New York symbol CPB, makes a variety of food products under the brands Campbell’s Soup, Pepperidge Farm, V8, Bolthouse Foods and others. Due to slowing sales of processed foods, Campbell’s stock has declined 12% so far this year. As a result, the company is now conducting a strategic review of its operations. That could lead to the sale of some of its businesses or, perhaps, an outright sale of the entire firm. The situation has prompted activist investor Daniel Loeb, through his Third Point hedge fund, to demand the company end the review and seek a buyer. It’s unclear how much of Campbell’s stock he owns, but a sale would require the approval of insiders who control 41% of the company. The stock could remain depressed until it completes its review. However, if Campbell does put itself up for sale, its strong brands should attract several buyers. OUR RECOMMENDATION: Campbell Soup is still a buy. Campbell Soup recent coverage July 2018…